secwatch.observer — SEC 8-K summary
======================================

Issuer:     WINTRUST FINANCIAL CORP (WTFC)
CIK:        0001015328
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001104659-24-047276
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wintrust to acquire Macatawa Bank for ~$510M in stock; expected close in late 2024/early 2025
--------------------------------------------------------------------------------

- Aggregate consideration $510.3M; $14.85/share based on 34.36M Macatawa shares outstanding as of April 12, 2024.
- Exchange ratio collared: 0.1314-0.1668 Wintrust shares per Macatawa share based on closing price range $89.03-$113.03.
- Macatawa Bank will keep separate charter and operate under its name in Michigan; Richard Postma to join Wintrust board.
- Termination fee of $20.4M payable by Macatawa if deal terminated under certain conditions to accept a superior proposal.
- Closing subject to Macatawa shareholder vote, regulatory approvals, and other customary conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1015328/000110465924047276/0001104659-24-047276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1015328/000110465924047276/tm2411576d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-047276

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer